Vietnam News

Pickens to Work on Iraq Insurance System

Arkansas Insurance Commissioner Mike Pickens will spend the next two months in Iraq helping that country’s new leaders establish an insurance system, the Associated Press reported. Pickens, who has also helped officials in Egypt, China, Vietnam and India restructure their …

Swiss Re ‘Resource Award’ for Vietnam Water Project

Swiss Re announced that it has presented its second ReSource Award for Sustainable Watershed Management, in the amount of $75,000, to a project in Vietnam. In her speech during the award ceremony at the Centre of Global Dialogue, Swiss Foreign …

Maritime Board Notes Rise in Piracy

A new report, compiled by the International Maritime Board, found a 20 percent rise in the number of attacks by pirates in 2003. Violence involved in the incidents is on the rise as well. As reported by the BBC, the …

Liberty Mutual Finalizes Acquisition of MetLife’s Spanish Operations

Liberty Mutual Group announced that it has concluded the acquisition process by its Spanish subsidiary, Liberty Insurance, of MetLife’s Spanish operations, including its non-life subsidiary, Genesis Seguros Generales, S.A., and its life subsidiary, Seguros Genesis, S.A. The companies offer auto …

ING Closes Sale of Fatum in the Netherlands Antilles and Aruba, To Close Ho Chi Minh City Office

The Netherlands-based ING financial and insurance group announced that it has finalized the sale of 99% of Fatum, its insurance business in the Netherlands Antilles and Aruba, to Guardian Holdings Limited for approximately 45 million Euros ($50 million). The company …

Paul Monacelli, Kimberly Tompkins Named Winners of PIA National Awards

New Jersey’s Paul Monacelli and Connecticut’s Kimberly Tompkins were honored by the National Professional Insurance Agents during an awards luncheon on April 5 in Arlington, Virginia. Monacelli CIC, CPIA, the CEO of ADP/Statewide Insurance Agencies of Cedar Knolls, New Jersey, …

Heavy Loss of Life in Vietnam Building Fire

A fire which broke out in the International Trade Center Building in Ho Chi Min City (ex-Saigon) Tuesday afternoon has claimed the lives of at least 59 people, and possibly many more according to newspaper reports. Offices of American International …

Former Insurance Journal Editor Passes Away

John P. McCann, 59, a former editor of the Insurance Journal and a co-founder of the Workers’ Comp Executive, died Oct. 28 following a five-year struggle with early-onset Alzheimer’s disease. McCann’s professional career was centered on the insurance industry, including …

AIA Sees July as Historic Trade Month

The American Insurance Association believes that the number of international agreements that are up for consideration, and their potentially far reaching consequences for the industry, could make July 2001 an historic month, which would mark a turning point for U.S. …

IIAT’s 104th Annual Convention Set for June 14-15 in San Antonio

The Independent Insurance Agents of Texas’ annual convention set for June 14 and 15 has a new look this year. This year’s event, at the Marriott Rivercenter in San Antonio, will be a jam-packed two days of continuing education workshops, …